OKX buys 20% Coinone stake, brings matching engine to Korea
The stake lines up OKX's matching, custody and wallet stack with a regulated Korean venue, a structural step for both sides in a market that has been largely walled off from global crypto…
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The stake lines up OKX's matching, custody and wallet stack with a regulated Korean venue, a structural step for both sides in a market that has been largely walled off from global crypto…
The deal lands as a joint bid with Korea Investment & Securities, pairing a global exchange's capital with a top domestic brokerage — a blueprint for how foreign crypto firms are entering the…
OKX has confirmed a $53 million investment to acquire a 20% stake in Coinone, one of South Korea's established licensed…
Two roughly equal 20% stakes — and the involvement of a major domestic broker — would be the first major foreign-exchange entry into South Korea since Binance closed on Gopax.
A deal would land a top global offshore exchange inside one of South Korea's four major domestic venues, putting a real institutional tradfi partner in the cap table alongside OKX.
A potential minority stake in Coinone lands on the same day Hana Bank disclosed a $670M anchor in Dunamu, the parent of Upbit — South Korea's two largest venues reshuffling ownership in a single…